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A Mexican firm that was instrumental in an oil-for-water swap scheme with the Venezuelan government has declared bankruptcy, saying Venezuela’s President Nicolas Maduro had terminated their deal. Reuters reports Libre Abordo declared bankruptcy yesterday, citing a press release that said, “In recent months (we) have faced excessive challenges, from the oil price fall... to pressure from the U.S. government aimed to ...

President Trump – Enough with the tweets, enough with the tough guy act. Our country needs a leader now more than ever. We don’t need another blue-ribbon commission or task force. The peaceful protesters need to feel that justice will be done. Right now, they need evidence that their vo...

Electreon Wireless is pressing ahead with projects to test its technology that allows electric cars to be charged while driving, potentially demonstrating a way to overcome a key barrier to the mass adoption of the vehicles.

The next OPEC+ meeting, initially scheduled for June 9-10, could take place earlier than expected according to a Reuters report that cites a letter from the OPEC president of Algeria to the members of the wider producer group. In the letter, Algeria proposes that the meeting be held this week, on Thursday, so that Saudi Arabia, Kuwait, and Iraq can ...

While vast cuts by producer countries and renewed fuel consumption from easing coronavirus lockdowns may soon rebalance oil supply and demand, some analysts and traders see a glut in storage keeping the market in contango for much longer. A contango market structure means the current value is lower than it will be in later months [Read more]

CALGARY, Alberta – Pieridae Energy Limited (Pieridae or the Company) (TSXV: PEA) is pleased to announce that its common shares have been approved for listing on the Toronto Stock Exchange (the “TSX”) and are expected to commence trading on the TSX at the opening of the market on June 3, 2020. Concurrent with the TSX [Read more]

Interruptions in electricity service vary in frequency and duration across the nearly 3,000 electric distribution systems in the United States. Power interruptions are caused by many factors, including weather, vegetation patterns, and utility practices. In 2018, power outage durations for U.S. elec...

CALGARY – Bonterra Energy Corp. (www.bonterraenergy.com) (TSX: BNE) (“Bonterra” or the “Company”) today confirms it has executed an agreement with its syndicate of lenders to extend the annual borrowing base redetermination date on its credit facility from May 29th to June 30th, 2020. This extension affords both the Company and its lending syndicate additional time to [Read more]